Marvell to Acquire XConn Technologies for $540 Million

Reuters01-06

Marvell to Acquire XConn Technologies for $540 Million

Marvell Technology, Inc. has entered into a definitive agreement to acquire XConn Technologies, a provider of advanced PCIe and CXL switching silicon, for approximately $540 million in a mix of about 60% cash and 40% stock. The acquisition will expand Marvell's switching portfolio with XConn's PCIe and CXL products and add experienced engineering talent to its Ultra Accelerator Link scale-up switch team. XConn is currently engaged with over 20 customers, with PCIe 5 and CXL 2.0 switches in production and PCIe 6 and CXL 3.1 switches sampling. The transaction is expected to close in early 2026, with XConn's products projected to contribute to Marvell's revenue in the second half of fiscal year 2027 and ramp to approximately $100 million in revenue in fiscal 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marvell Technology Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260106226715) on January 06, 2026, and is solely responsible for the information contained therein.

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